Rwanda's Construction of Affordable Housing Slows to Snail's Pace
Rwanda's capital Kigali has a shortage of over 30,000 dwelling units out of 31,279 units in demand every year, according to studies.
With urbanisation expected to rise to 35% by 2024, the housing demand is expected to rise further in coming years necessitating more real estate firms to invest in affordable housing to meet the demand.
More real estate firms ought to invest in affordable housing to meet the demand for shelter that is projected at 310,000 housing units by 2032. Currently 217,000 units are needed in the country, according to the Ministry of Infrastructure.
However, failure to meet targets in executing some affordable housing projects could lead beneficiaries to wait a bit longer for shelter, writes Michel Nkurunziza for The New Times.
InFocus
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Rwandan President Paul Kagame has said that with urbanisation key to shaping investment, growth and human development, African countries need to adopt technology. He was speaking in Doha at the Smart City Expo organised to showcase the latest smart technologies and innovations that are advancing the urban future.
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The nomination has been attributed to the bi-monthly car-free day which is organised to give city residents a platform to do physical exercises which always ends with health check-ups for various ailments. The award is the world's first global competition, recognising city-led action on urban wellbeing.
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This comes on the back of deadly rainfall and rain-induced disasters such as floods and landslides - that battered the country in the first half of 2018. Most of the households facing relocation are in Rebero and Jali hills, according to the city mayor.
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The Minister for Infrastructure, James Musoni, says the fund, estimated to be between U.S.$200 million and U.S.$250 million, is one of the key four strategies that the government has come up with to speed up the construction of affordable houses.
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The Rwanda Housing Authority, city authorities and other stakeholders have assured the country that new initiatives are in the pipeline to bring more housing units on the market, particularly affordable homes to cater for the growing middle class.
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Construction of houses in Kigali (file photo).
